Number of stockholders Dec. 31, 1949. Dec. 31, 1947. Transfer agent.-Lawyers Trust Co., New York. Registrar.-Commercial National Bank & Trust Co., New York. Markets for stocks.-Preferred and common stocks are listed on New York Stock Exchange. New York Stock Exchange symbol-GCR. Annual price range-stocks (New York Stock Exchange) 1947-48 1946. Dividends-7 percent preferred-Regularly paid since 1906 Common (no par): 1950 (Mar. 15) 1949. Common (no par)-Continued 1926 1926 1. 00 3.00 1.75 2.00 Dividend restrictions.- Under conditions of long term note payable, dividends may not be paid in excess of 75 percent of net income earned after Dec. 31, 1949, plus $2,377,765, or when net working capital would be reduced below $20,000,000 or below 250 percent of outstanding funded debt. EARNINGS AND FINANCES Examination of accounts.-Financial statements in company's annual report were examined by Price, Waterhouse & Co., New York. 1 Before deducting cash discounts in 1947 and prior years; after deducting cash discounts in 1948 and thereafter. 3 Deficit. Preferred dividends for 6 months ended June 30, 1938, were charged against surplus at Dec. 31, 1937, resulting in balance after dividends as above; otherwise deficit after dividends • Preferred dividends represent 4 quarterly dividends of $87,500 ($1.75 a share) each paid Sept. 2 and Dec. 2, 1935, and declared payable Mar. 2 and June 1, 1936. Common divi- 7 Preferred dividends include, in addition to 4 quarterly dividends of $1.75 each paid in 1934, 2 quarterly dividends of $87,500 ($1.75 per share) each, declared in 1934 and payable After deducting dividends paid in 1934 and declared (in 1934) payable in 1935. Not reported. 19 After deducting $1,006,424 for adiustment of inventories of raw materials as at Sept. 30, 1933, to reflect lower price levels. NOTE.-Excise taxes included above amounted to $2,252,210 in 1938, $2,164,694 in 1939, $2,413,390 in 1940, $2,843,702 in 1941, $3,342,187 in 1942, $4,247,875 in 1943, $4,038,501 in 1944, Comparative consolidated income account, years ended Dec. 31 (including General Cigar Co. of Cuba, Ltd.) 1 Before deducting cash discounts in 1947 and prior years; after deducting cash discounts in 1948 and thereafter. * Deficit. NOTE. For amount of excise taxes included above see note under "Long Term Digest of Consolidated Income Account" 1943 1942 1941 1940 Comparative consolidated balance sheet as of Dec. 31 (including general Cigar Co. of Cuba, Ltd.) 3, 380, 542 3, 173, 459 1 1 2,347, 032 2, 112, 721 2, 165, 067 2, 181, 551 2, 164, 805 2,259, 019 2, 260, 515 1 1 1 1 1 1 Deferred charges. CURRENT ASSETS Cash 100,000 568, 741 1, 419. 188 541, 496 1, 106, 028 1,574, 588 1, 521, 662 382, 177 1,336, 996 3, 639, 607 2,781, 459 1,591, 689 2, 275, 881 1,775, 415 27,876, 110 27,784, 660 5,000,000 5, 000, 000 5,000,000 5,000,000 1,000,000 1, 000, 000 1,000,000 1,000,000 5, 000, 000 1,000,000 |